Dimensional Fund Advisors LP Purchases 206,202 Shares of Dorian LPG Ltd. (LPG)

Dimensional Fund Advisors LP increased its position in Dorian LPG Ltd. (NYSE:LPG) by 15.5% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,537,638 shares of the shipping company’s stock after acquiring an additional 206,202 shares during the quarter. Dimensional Fund Advisors LP owned about 2.79% of Dorian LPG worth $12,578,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Robotti Robert increased its holdings in Dorian LPG by 0.3% in the 2nd quarter. Robotti Robert now owns 300,791 shares of the shipping company’s stock worth $2,454,000 after acquiring an additional 791 shares during the last quarter. American International Group Inc. increased its holdings in Dorian LPG by 7.1% in the 1st quarter. American International Group Inc. now owns 14,921 shares of the shipping company’s stock worth $157,000 after acquiring an additional 987 shares during the last quarter. Alliancebernstein L.P. increased its holdings in Dorian LPG by 24.4% in the 2nd quarter. Alliancebernstein L.P. now owns 29,100 shares of the shipping company’s stock worth $238,000 after acquiring an additional 5,700 shares during the last quarter. Seven Bridges Advisors LLC increased its holdings in Dorian LPG by 48.5% in the 2nd quarter. Seven Bridges Advisors LLC now owns 24,974 shares of the shipping company’s stock worth $204,000 after acquiring an additional 8,162 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in Dorian LPG by 17.7% in the 1st quarter. Bank of New York Mellon Corp now owns 73,254 shares of the shipping company’s stock worth $772,000 after acquiring an additional 11,034 shares during the last quarter. 45.04% of the stock is owned by institutional investors.

Several equities research analysts recently weighed in on the company. ValuEngine raised Dorian LPG from a “sell” rating to a “hold” rating in a report on Thursday, November 9th. Zacks Investment Research raised Dorian LPG from a “hold” rating to a “buy” rating and set a $8.25 price objective for the company in a report on Friday, November 3rd. DNB Markets lowered Dorian LPG from a “buy” rating to a “hold” rating in a report on Friday, October 27th. Finally, BidaskClub lowered Dorian LPG from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 8th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $8.75.

Dorian LPG Ltd. (NYSE LPG) opened at $8.01 on Wednesday. Dorian LPG Ltd. has a 12 month low of $6.20 and a 12 month high of $12.50. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.56 and a quick ratio of 0.55.

Dorian LPG (NYSE:LPG) last issued its earnings results on Friday, November 3rd. The shipping company reported ($0.23) EPS for the quarter, topping the consensus estimate of ($0.25) by $0.02. Dorian LPG had a negative return on equity of 4.06% and a negative net margin of 7.30%. The business had revenue of $34.73 million during the quarter, compared to the consensus estimate of $31.13 million. During the same quarter last year, the company earned ($0.25) EPS. The firm’s revenue was up 3.3% compared to the same quarter last year. equities research analysts anticipate that Dorian LPG Ltd. will post -0.64 EPS for the current fiscal year.

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Dorian LPG Company Profile

Dorian LPG Ltd. is a holding company. The Company, through its subsidiaries, is focused on owning and operating very large gas carrier (VLGCs) in the liquefied petroleum gas (LPG) shipping industry. The Company is engaged in the transportation of LPG across the world through its ownership and operation of LPG tankers.

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Institutional Ownership by Quarter for Dorian LPG (NYSE:LPG)

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